Geelong rarely moves in lockstep with Melbourne, shaped by local supply, infrastructure, and buyer sentiment.
A few things worth knowing:
Infrastructure keeps landing — the Convention Centre, hospital upgrades, and Ring Road investment, boosting Geelong as a place to live, not just commute from.
Supply still lags population growth, keeping rentals tight and well priced homes in solid demand.
The Melbourne affordability gap remains wide, still drawing priced out buyers.
Also, new SMSF residential LRBAs are banned from 10 August 2026 — Royal Assent passed late June. Existing arrangements are grandfathered, contracts signed before that date stay protected. It is a small share of borrowing nationally, so it will not shift Geelong broadly, but timing matters if you use this structure.
Geelong has historically lagged Melbourne's cycle, so today's conditions may shift in six months. Get pre approved and know your target suburbs so you are ready to act.